Has there been a massive change in sentiment? Small investors are the most bearish since mid-2013, a bearishness captured by the record outflow of $46 billion from US mutual funds and ETFs. There was also a near...
2018 is quickly coming to an end. As noted the other day this has been the worst year in the financial markets in over 100 years for as according to Deutsche Bank 89% of assets are down anywhere between 10% and 60%. Societe General wrote...
Many times I have commented the geopolitical changes are tectonic. Globally, the policies and politics that have dominated since the conclusion of WWII are under attack as the commoner feels abandoned by government. There is general distrust of all governments, the result of regulatory fiat...
Yesterday was the inverse of the day before. Strong gains evaporated following a public dust up between the President and Democratic Congressional leaders concerning funding for the Wall. The market then rebounded following comments from key Senate...
Many times I have commented about the outsized impact of algorithmic trading has had upon the markets. JP Morgan recently wrote 80% of equity volume is now the result of this type of momentum based trading and...
Yesterday a SEC official warned that passive investing may pose a threat to investors as many may be complacent about the inherent risks involved. Warren Buffet once quipped if one cannot withstand a 40%-45% loss, that person...
Equities came under considerable pressure on skepticism that the US and China made any meaningful breakthrough on trade. Selling accelerated amid news that a “hard Brexit” may occur. Selling in US equity futures surged on this headline...
Change is rapidly occurring, the speed of which is creating social unrest. Can I remotely suggest the media has overplayed its hand as to suggesting the attitude of society? There are three examples that I think the...
The G-20 meeting is over. I believe the two greatest issues facing the markets for the intermediate future is monetary policy and the normalization of the Fed’s balance sheet. Both...
Legendary hedge fund manager Leon Cooperman blasted algorithmic trading for exaggerating price moves stating “it is scaring the hell out of the public.” Cooperman further commented “everyone I know of...